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Investing for Peak Oil Surviving Peak Oil financially is a problem we will all confront sooner or later.

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Old 06-09-2011, 11:14 PM   #1
Ross
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Default More Oil BS ???

I found the following rather interesting quote which I suspect must
be BS but then again perhaps a grain of truth ....... ???

"Any geologist will tell you, well, most geologists will tell you that OIL IS CREATED BY THE MAGMA OF THE EARTH.
The oil wells in Pennsylvania that were pumped out dry at the turn of the century and capped are now filled with oil again."


Being as it is such an amazing assertion I am interested in your
informed comments .

Thankz ... Ross

Quote Source and lots of interesting stuff
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Old 06-10-2011, 12:02 AM   #2
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Quote:
Originally Posted by Ross View Post
I found the following rather interesting quote which I suspect must
be BS but then again perhaps a grain of truth ....... ???

"Any geologist will tell you, well, most geologists will tell you that OIL IS CREATED BY THE MAGMA OF THE EARTH.
The oil wells in Pennsylvania that were pumped out dry at the turn of the century and capped are now filled with oil again."


Being as it is such an amazing assertion I am interested in your
informed comments .

Thankz ... Ross

Quote Source and lots of interesting stuff
Russia claims the same and Saudi Arabia has already surpassed it's initial prospects how many times over?
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Old 06-10-2011, 11:52 AM   #3
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I've heard that before as well. It kind of makes sense when you consioder the depths they drill to to extract the oil, it does not seem likely they are pumping up dead dinosaurs from those depths.
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Old 06-10-2011, 01:31 PM   #4
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Can it be because of decreased pressure after years of continous pump, the wells finally go dry, however neighbouring layers of earth with untapped oil reserves seep into this area of lower pressure in time ?
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Old 06-10-2011, 02:44 PM   #5
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How DEEP is the Lithosphere?

How many times has it been turned over in 4 billion years.

If it has been churned under many times, wouldn't it be easy to extrapolate considerable turnover in the depth of oil reserves???
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Old 06-10-2011, 03:09 PM   #6
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The problem I see, is that oil breaks down under heat... so I'm in the doubting camp about oil being in the magma of the earth (way too hot!).... IIRC, about 35,000 ft in the ground is the deepest anyone has recovered oil from, and it was extremely hot (450°F) requiring special handling, stainless steel piping, etc.

Something to think about: Oil refining, for the most part, is boiling the oil and capturing each component separately (butane, hexane, septane, octane, etc.), then mixing to create the final product (gasoline, diesel, kerosene, etc.). The process maxes out somewhere around 900°F (IIRC) when you wind up with asphalt tar...

Also, if someone can answer this: If oil supposedly came from the Earth's Magma, then why aren't there any volcanoes spewing oil? Just a thought...

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Old 06-10-2011, 03:26 PM   #7
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Arrow

Oil is going to behave differently under pressure, as all fluids do. And if it is broken down to constituent compounds under heat, what is to say it will not recombine back into petroleum as it cools and rises up through the crust? There is also speculation that bacteria deep in the earth may be converting simple hydrocarbons like methane rising from the depths into complex hydrocarbons that are then cooked into what we know as petroleum.

I think the only thing we can safely say is that everything we 'know' about how petroleum is formed may well be totally wrong.
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Old 06-10-2011, 04:00 PM   #8
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Coal is carbon from fossil plants, oil is hydro-carbon --> formed from wet fossil plants
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Old 06-10-2011, 04:04 PM   #9
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It kind of makes sense when you consioder the depths they drill to to extract the oil, it does not seem likely they are pumping up dead dinosaurs from those depths.
The accepted standard explanation for the formation of oil is not dinosaurs anymore.

http://en.wikipedia.org/wiki/Petroleum
Petroleum is a fossil fuel derived from ancient fossilized organic materials, such as zooplankton and algae. Vast quantities of these remains settled to a sea or lake bottoms, mixing with sediments and being buried under anoxic conditions. As further layers settled to the sea or lake bed, intense heat and pressure built up in the lower regions. This process caused the organic matter to change, first into a waxy material known as kerogen, which is found in various oil shales around the world, and then with more heat into liquid and gaseous hydrocarbons via a process known as catagenesis.
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Old 06-10-2011, 04:11 PM   #10
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Single-celled life has been around since very early in Earth's history, so any resulting oil would indeed be at incredible depths. Regarding the breakdown of oil at high temperatures, I am not sure if that is true at the extreme pressures that exist deep in Earth's crust. If we ever drill to the required depths, we could very well find tremendous reserves of oil and other hydrocarbons. It is just a question of coming up with the technology. The deepest borehole at present is around 40,000 ft. and they had to stop that because the drill bit lost integrity at the extremely high temperatures at depth.
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Old 06-10-2011, 04:15 PM   #11
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For a short video of how oil is formed,
click on the top where it says "switch to animation about oil formation"
http://www.hk-phy.org/energy/power/s...rmation_e.html
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Old 06-10-2011, 04:39 PM   #12
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[QUOTE=RickyBobby;295005]The accepted standard explanation for the formation of oil is not dinosaurs anymore.

sarcasm alert!
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Old 06-11-2011, 12:23 PM   #13
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There is an old thread on this theme.
http://thisbluemarble.com/showthread.php?t=33558
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